Asia Pacific Phenol Derivatives Market was worth USD 4.56 billion in 2021 and is projected to grow at a CAGR of 7.20%, to reach USD 6.21 billion by 2026.
Some of the usually used phenol derivatives are bisphenol-A, alkylphenols, chloro-phenols, salicylic acid, and hydroxyphenyl. Bisphenol-A is the most commonly used spinoff of phenol. It is particularly used to produce epoxy resins and polycarbonates. Epoxy resins are used for paints coatings and moldings, with polycarbonates finding applications in food and drink packaging, impact-resistant safety system, clinical gadgets, and compact discs. It is predicted to be the main derivative segment of the phenol derivatives market in the coming few years.
Phenol derivatives are compounds which can be acquired from phenol, a carbolic acid found in family merchandise including detergents and throat sprays. Increasing scope and variety of applications of phenol derivatives due to their low cost and relatively easy availability will increase the call for phenol derivatives, advocate analysts. Challenges faced with the utilization of Phenol derivative compounds are its aspect effects on human fitness. Excessive usage of the compound can cause difficulty in respiratory, fever, headache, swelling, vomiting, and nausea and can worsen pain, redness and irritation around the mouth.
Asia Pacific Phenol Derivatives Market – By Derivatives:
Caprolactam
Asia Pacific Phenol Derivatives Market – By Application:
Pharmaceuticals and Hospital cleaners are projected to see major growth during the forecast period.
Geographical Analysis:
On the basis of region, the Asia Pacific Phenol Derivatives market is categorized into India, China, Korea, Japan and others. China seems to be the leading local market in Asia Pacific, and is anticipated to maintain its role because it has been importing the major portion of phenol derivatives. Aside from China, South Korea, Japan, India, and Taiwan are showing excessive demand for phenol derivatives.
Key Players:
The global phenol derivatives marketplace is consolidated because of the presence of a confined quantity of players concentrated in a few international locations. These principal players have followed numerous organic in addition to inorganic boom strategies including mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their function in this market. Some of the major players in Phenol Derivatives market are Midas Pharma, Rheinmetall Waffe Munition, LG Chem, Mitsui Chemicals, Honeywell International, CEPSA, INEOS, Arsol Aromatics, Schutz, Royal Dutch Shell, Ter Hell Plastic among others.
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